financetom
Economy
financetom
/
Economy
/
February Kansas City Fed Manufacturing Index Unchanged, Still Indicates Contraction
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
February Kansas City Fed Manufacturing Index Unchanged, Still Indicates Contraction
Feb 27, 2025 8:21 AM

11:14 AM EST, 02/27/2025 (MT Newswires) -- The Kansas City Fed monthly manufacturing index was unchanged in February from a reading of minus 5 in the previous two months, compared with expectations for a slight increase to minus 4 in a survey compiled by Bloomberg as of 7:30 am ET.

The index indicates contraction, which is in line with the Dallas Fed reading but in contrast with the Empire State, Philadelphia Fed, Richmond Fed and the S&P Global Flash indexes that suggested expansion.

The ISM's national manufacturing reading will be released on March 3.

Within the Kansas City data, there were index declines for production, shipments, new orders and employment, while the prices paid reading increased.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Low US weekly jobless claims, solid consumer spending showcase economy's strength
Low US weekly jobless claims, solid consumer spending showcase economy's strength
Oct 31, 2024
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September, showcasing the economy's strength heading into the final stretch of 2024 and just days before next Tuesday's presidential election. Though prices pushed higher last month, inflation is firmly on a downward trend,...
Fed seen cutting policy rate by 25 bps in Nov, Dec
Fed seen cutting policy rate by 25 bps in Nov, Dec
Oct 31, 2024
(Reuters) -Federal Reserve policymakers are very likely to go ahead with cutting short-term U.S. borrowing costs by a quarter percentage point next week, traders bet on Thursday, after economic data suggested price pressures continue to ease.  Inflation by the Fed's targeted measure, the year-over-year increase in the personal consumption expenditures index, was 2.1% in September, down from an upwardly revised...
Fed governor divesting stock bought by spouse in violation of trading rules
Fed governor divesting stock bought by spouse in violation of trading rules
Oct 31, 2024
(Reuters) - Federal Reserve Governor Adriana Kugler, the newest of the U.S. central bank's seven board members, has run afoul of new ethics rules governing how officials and their families can trade and invest after her spouse bought stock in Apple and another company without her knowledge this summer. In a government filing dated Oct. 24, Kugler reported the planned...
US planned layoffs drop again in October, recruitment firm Challenger says
US planned layoffs drop again in October, recruitment firm Challenger says
Oct 31, 2024
(Reuters) - U.S. layoff announcements tumbled in October to a three-month low in another sign the job market remains in good shape ahead of next week's presidential election, a monthly tally of workforce reduction announcements showed on Thursday. Firms announced 55,597 layoffs last month, down 23.7% from the 72,821 announced in September, outplacement firm Challenger, Gray and Christmas said. Layoffs...
Copyright 2023-2026 - www.financetom.com All Rights Reserved